Ether Tests $2,400 Support After Retreat From $2,700

Ether (ETH) has pulled back toward $2,400-$2,500 after reaching resistance near $2,700, putting the $2,400 area at the center of its near-term technical outlook. A sustained hold above $2,400 would preserve the recovery structure that lifted ETH from June lows near $1,500. Resistance remains concentrated around $2,600-$2,700, and a break above that band would strengthen the setup toward the $3,000 level. A daily close below $2,400 would weaken the recovery structure and shift attention toward the $2,000-$2,200 region. That area contains Ether’s 100-day and 200-day moving averages, which crossed bullishly.

Source: TokenPost